Citi issued a research report, saying that it gave ICBC (601398) (01398) a "Buy" rating with a target price of HK$6.99. In the first half of this year, the profit before provision increased by 5.4% year-on-year to 331 billion yuan, and the net profit after tax increased by 9.9% year-on-year to 163.5 billion yuan. In the report, earnings before provisions rose 8.5% year-on-year in the second quarter of this year due to strong trading gains, solid loan growth and lower cost-to-income ratio, and net profit after tax rose 20.9% year-on-year to 77.7 billion yuan in the second quarter of this year due to lower credit costs, both...
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Citi: Give ICBC a "Buy" Rating with a Price Target of HK$6.99
智通财经2021-08-30
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- 朱时·2021-08-30**LikeReport